BetMGM Bonus Code 'CVRBONUS1500': Get Up To $1500 Bonus Bets Back If Your Saturday CFB Bet Loses

Unlock the $1,500 First Bet with BetMGM bonus code CVRBONUS1500 for College Football. Code required. New offer available for Week 4 matchups!

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Sep 20, 2025 • 08:19 ET • 3 min read
BetMGM bonus code for Week 4 College Football
Photo By - Use BetMGM bonus code "CVRBONUS1500" to get up to $1,500 bonus bets back if your first bet loses. - IMAGN IMAGES

Unlock your College Football betting with the BetMGM bonus code, enter CVRBONUS1500 to claim the latest offer. For Saturday’s Week 4 slate, this code is required to access the $1,500 First Bet backed by bonus bets, available right now. Visit sportsbook promos for more details.

The matchups are stacked on Saturday, September 20, with the Wisconsin Badgers hosting the Maryland Terrapins, Northern Illinois Huskies facing the Mississippi State Bulldogs, Tulane Green Wave taking on the Ole Miss Rebels, and the North Carolina Tar Heels battling the UCF Knights. This BetMGM offer is freshly updated and ready for new sign-ups as of today!

BetMGM Logo
$1,500 First Bet
CVRBONUS1500

How the BetMGM bonus code works for College Football bettors

With the BetMGM bonus code CVRBONUS1500, new users can score a $1,500 First Bet offer 🏈💰, perfect for Saturday’s high-stakes college football action. Place your first wager on any market, including moneyline, spread, over/under, or player props, for games like Badgers vs. Terrapins, Huskies vs. Bulldogs, Green Wave vs. Rebels, or Tar Heels vs. Knights. Whether you’re backing the Badgers to bounce back or taking the over/under for the Rebels’ explosive offense, your first bet is backed by bonus bets if it doesn’t win.

Here’s how it works: If you wager $100 on the Terrapins moneyline and your bet doesn’t win, you’ll receive five bonus bets of $20 each 🤑. Bet $40 on the Bulldogs -7.5, and if your pick doesn’t hit, you get a single $40 bonus bet. For a $1,500 First Bet on the Rebels with the spread, if the wager doesn’t win, you’ll receive five bonus bets of $300 each. If your first bet wins, you keep your winnings and receive no bonus bets. The bonus bet structure is simple: wagers of $50 or more receive five equal bonus bets (each 20% of your original wager), while bets under $50 get a single bonus bet equal to your wager, only if your first bet doesn’t win.

For full details, check out the BetMGM bonus code. Minimum deposit is $10 💵. Bonus bets expire in seven days ⏳. The offer is available in all states where BetMGM operates, and bonus bet stakes are not returned with any winnings. Use your bonus bets to take another shot at upcoming college football matchups or explore new markets, all within the seven-day window for maximum flexibility and excitement!


Check if you can use our BetMGM bonus code in your state

BetMGM Bonus Code 🌎Eligible States
 "COVERS1500" AZ, CO, IA, IL, IN, KS, KY, LA, MD, MA, MI, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY (+ DC, PR)

Offer available to first-time customers in the following states: AZ, CO, IA, IL, IN, KS, KY, LA, MD, MA, MI, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY (+ DC, PR). Not available to residents of Ontario, CA.

Claim your College Football offer in minutes

Ready to get started? Follow these steps to claim your BetMGM offer for college football:

1️⃣ Register: Create your BetMGM account and enter the bonus code CVRBONUS1500 during sign-up.
2️⃣ Deposit funds: Add at least $10 to your account to get started 💸.
3️⃣ Place your bet: Make your first wager up to $1,500 on any college football market 🏈.
4️⃣ Receive bonus bets: If your first bet doesn’t win, receive bonus bets according to the offer structure.
5️⃣ Use bonus bets: Use your bonus bets within 7 days on football or any other eligible market before they expire ⏰.

Learn more about this promotion and the platform’s features in our detailed BetMGM bonus review. Get in the game and make your first wager count this Saturday!

Use Our BetMGM Bonus Code Today!
Use BetMGM bonus code "CVRBONUS1500" to make a First Bet of up to $1,500 and get equal bonus bets back if it loses.


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Sportsbook promos comparison

Choosing the right sportsbook promos for you is easy with Covers. We compare all the best offers for legal sports betting sites in your area.

BetMGM DraftKings FanDuel
Current Bonus $1,500 Bonus Bets Back Bet $5, Get $200, Bonus Bets
+ $200 off NFL Sunday Ticket
Bet $5, Get $300, If Your Bet Wins
Promo Code CVRBONUS1500 None Required None Required
Bonus Type Second Chance Bet Bet & Get Bet & Get
Bonus Amount One (< $50) or five (> $50) bonus bets $200 Bonus Bets $300 Bonus Bets
Wagering Period Seven Days Seven Days Fourteen Days
Min. Deposit $10 $5 $5

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Peter Clarke - Covers
Senior Editor

Peter Clarke is dedicated to keeping bettors informed about the biggest sports betting events, such as the Super Bowl and March Madness, and the best way to cash in on sportsbook promos. He's also always on top of the latest welcome offers from the biggest sportsbooks, so he can share the best deals and the most exciting games to use them on every day.

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